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Notes to the consolidated financial statements 1. General information 2. Summary of significant accounting policies 3. Financial risk management 4. Critical account estimates and judgments 5. Segment information 6. Property, plant and equipment 7. Intangible assets 8. Investment in associates 9. Investment in joint ventures 10. Investment in subsidiaries 11. Future fuel supplies 12. Loans receivable 13. Deferred income tax 14. Financial instruments 15. Trade and other receivables 16. Inventories 17. Share capital 18. Assets and liabilities classified as held-for-sale 19. Deferred income 20. Retirement benefit obligations 21. Provisions 22. Trade and other payables 23. Revenue 24. Other net gains 25. Work performed by the entity and capitalised 26. Employee benefit expense 27. Depreciation and amortisation expense 28. Net impairment loss reversed/(impairment loss) 29. Other expenses 30. Interest expense 31. Other operations 32. Cash generated from operations 33. Guarantees and contingent liabilities 34. Commitments 35. Business combinations 36. Related party transactions 37. Events after the balance sheet date 38. Share-based payments 39. Restatement of comparatives

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Notes to the financial statements

For the 12-month period ended 31 March 2006

		Group			Company
		12 months		15 months		12 months		15 months
		March		March		March		March
		2006		2005		2006		2005
		Rm		Rm		Rm		Rm
32.	CASH GENERATED FROM OPERATIONS
	Profit before taxation	6 775		7 686		7 159		6 530
	Adjustments for:	5 480		7 097		4 622		7 073
	Depreciation and amortisation expense	4 903		5 532		4 626		5 261
	Net impairment losses (reversed)/impairment losses	(96)		258		(898)		116
	Net surplus on derecognition of property, plant and equipment	(40)		(233)		(75)		(230)
	Net movement in provisions	(580)		(1 131)		(533)		(877)
	Increase in deferred income	766		1 107		766		1 107
	Other non-cash items	(9)		28		45		–
	Interest income	(2 951)		(3 936)		(2 939)		(4 091)
	Interest expense	4 656		5 447		4 841		5 761
	Net fair value (gain)/loss on financial instruments	(1 134)		99		(1 211)		26
	Share of profit of associates and joint ventures	(35)		(74)		–		–
		12 255		14 783		11 781		13 603
	Changes in working capital	819		732		822		389
	Inventories	(380)		185		(58)		222
	Trade and other receivables	69		(878)		100		(1 105)
	Trade and other payables	1 130		1 425		780		1 272
		13 074		15 515		12 603		13 992

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